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$1,882 (target)

7675 Greenview Ave, Detroit, MI 48228

3 beds • 2 baths • 945 sqft

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This property could be a profitable Mid-Term investment with a projected 24.99% first-year return on $36,060 initial cash invested.

24.99%

Cash On Cash

17.62%

Cap Rate

2.89

DSCR

$1,882

Rent

$751

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,882 income − $1,131 expenses = $751 cash flow

Income$1,882Mortgage P&I$43723%Property Taxes$231%Insurance$322%Management$22612%CapEx$754%Vacancy$563%Maintenance$754%Other$20711%Cash Flow$751

Investment Breakdown

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Purchase Price

$86,000

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$36,060

Downpayment

20%

$17,200

Closing costs

1%

$860

Rehab

0%

$0

Furnishing

21%

$18,000

Cashflow

Total Income

$1,882

Total Expenses

$1,131

Mortgage P&I

23%

$437

Property Taxes

1%

$23

Home Insurance

2%

$32

HOA

0%

$0

Property Management

12%

$226

CapEx

4%

$75

Vacancy

3%

$56

Maintenance

4%

$75

Other

11%

$207

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